SUMMARY
I've written how overall the cryptosphere had a personality trait unique and different from equities. For instance, the crypto frequency of extended 5ths and the same for expanded flat preference. There is also coin specific personality. In this case, MAID/BTC is showing its like for consecutive symmetrical triangle patterns. What is quite uncanny is that each and every past wedge pattern resulted in a price explosion. Will the current breach of teh large abcde labeled triangle result in serving of huge profits? I believe so and when it arrives, please don't forget to take the profits!
The 4 hour chart shows that wave 1 and 2 of the breach are complete and the blue subwaves of wave 3 show that a higher high is quite likely. There is a good amount of upper price resistance and cutting through them would require sizable buying pressure. However, wedge patterns have a way of cleaning out all sellers and when is the case, only buyers remain; enough to surge above most resistances.
Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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